The Porsche Carrera GT is powered by a 5.7 litre V10 engine producing 612 PS (450 kW; 604 hp) , whereas the original concept car featured a 5.5 litre version rated at 558 hp (416 kW). Porsche claims it will accelerate from 0 to 100 km/h (62.1 mph) in 3.9 seconds and has a maximum speed of 330 km/h (205 mph), although road tests indicated that in reality the car can accelerate from 0-60 mph (97 km/h) in 3.5 seconds and 0-100 mph (160 km/h) in 6.8 seconds. The Carrera GT has a basic five colour paint scheme which includes Guards Red, Fayence Yellow, Basalt Black, GT Silver and Seal Grey. Custom colours were also available from the factory. A traditional six-speed manual transmission is the only available transmission. Attached to this gearbox is a beechwood gearknob which pays homage to the wooden gearknob used in the Porsche 917 Le Mans racers. In its second year of production, a limited edition carbon fibre knob was also made available.

The Carrera GT has large side inlets and air dams that help cool the large V10 engine framed by the carbon fibre rear bonnet. Fitted with Porsche's latest Carbon fibre-reinforced Silicon Carbide (C/SiC) ceramic composite brake system, the 15-inch (380 mm) SGL Carbon disc brakes make an impressive appearance underneath the 19 inch front and 20 inch rear wheels. Similar to other Porsche models, such as the 911, the GT includes an automated rear wing spoiler which deploys above 70 mph (110 km/h).